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Business, 05.09.2020 23:01 shanice13

18 Fondren Machine Tools has total assets of $3,960,000 and current assets of $883,000. It turns over its fixed assets 3.5 times per year.
Its return on sales is 5.7 percent. It has $1,590,000 of debt.
What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 b
decimal places.)
4
points
Return on stockholders' equity
%
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18 Fondren Machine Tools has total assets of $3,960,000 and current assets of $883,000. It turns ov...
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